86 88chancellor Ave,Newark City, NJ 07112
Newark City, NJ 07112
Description
Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.
Details
| MLS # | 3992709 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 354 |
| Listing Provided By | EXP REALTY, LLC | PRUVI PIERRE |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| Basement | Y |
| Zoning | Commercial |
Taxes
| Property | 7518 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $350,000 low | high Med: $2,575 On site: 354 low | high Med: 11 | |
Market Activity 07112
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $350,000 low | high Med: $2,575 On site: 354 low | high Med: 11 | |
